Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.9021). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDCAD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 81.
Take Profits:
TP1= @ 0.9134
TP2= @ 0.9226
TP3= @ 0.9315
SL= Break below S2
. There is a possibility of temporary retracement to suggested support line (0.9021). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDCAD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 81.
Take Profits:
TP1= @ 0.9134
TP2= @ 0.9226
TP3= @ 0.9315
SL= Break below S2
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.